ChainCatcher reported that according to Cryptoslate, the price of Monero fell by more than 5% in the past 24 hours to $144, affected by the news that Kraken announced that it would stop supporting Monero (XMR) in the European Economic Area (EEA) at the end of October.

Kraken said that the move was due to regional regulatory changes and would stop all XMR market transactions and deposits on October 31. Users must withdraw their assets before December 31, 2024, and unwithdrawn Monero will be automatically converted to Bitcoin and distributed to users on January 6, 2025.